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Nov 24, 2012
11/12
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if congress and president obama fail to reach a massive deal, that is, on tax hikes and spending cuts, well, it will automatically kick in, in january. and grover norquist, the latest republican to break with norquist, no tax hike pledge. chambliss says he cares more about the country than the pledge. >>> and superstorm sandy has cost new jersey more than $29 billion. and the number could easily rise. governor chris christie says the number will only be known after taking into account next summer's tourist season. new york governor cuomo asking for $38 billion, to help with his state's recovery. >>> and after topless photos of the duchess of cambridge. the photos showed kate sun bathing with her husband on vacation at a private home in france. a french newspaper published the photos, the couple is reportedly taking legal action. >>> and was o.j. simpson actually responsible for nicole brown simpson and ronald goldman's murders? new evidence suggests that o.j. simpson was not the killer. >>> but first, were you the one of many who snatched up a good deal on a flat screen tv on this bla
if congress and president obama fail to reach a massive deal, that is, on tax hikes and spending cuts, well, it will automatically kick in, in january. and grover norquist, the latest republican to break with norquist, no tax hike pledge. chambliss says he cares more about the country than the pledge. >>> and superstorm sandy has cost new jersey more than $29 billion. and the number could easily rise. governor chris christie says the number will only be known after taking into account...
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Nov 24, 2012
11/12
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huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six new cardinals. the gr
huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to...
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Nov 24, 2012
11/12
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right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and then imagining that somehow i've got that trillion in my pocket all of a sudden. it's not real money. most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and an
right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and...
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Nov 24, 2012
11/12
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president obama wants to let the bush era tax cuts expire for the wealthiest americans. many republicans still oppose that idea. aides have been trying to work out a compromise. >> none of this is pretty. it's actually ridiculous. pretty dysfunctional politics. we've set this crazy trap for ourselves and we're about to inflict a wound on our economy that really doesn't need that. >> reporter: in addition, the fragile cease fire looms large in the middle east. some analysts say this could be an opening for mr. obama to engage more actively in a middle east peace process, something he failed to do during his first term. >> we need to explore what is possible, but we have to be quite realistic and go in with our eyes open. >> reporter: and then there's the attack against the u.s. consulate in benghazi. republican lawmakers have accused u.n. ambassador susan rice of providing false information after she appeared on the sunday shows days later saying the incident was spontaneous. this week, rice defended herself. >> when discussing the attacks against our facilities in bengha
president obama wants to let the bush era tax cuts expire for the wealthiest americans. many republicans still oppose that idea. aides have been trying to work out a compromise. >> none of this is pretty. it's actually ridiculous. pretty dysfunctional politics. we've set this crazy trap for ourselves and we're about to inflict a wound on our economy that really doesn't need that. >> reporter: in addition, the fragile cease fire looms large in the middle east. some analysts say this...
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Nov 24, 2012
11/12
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you know who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican nomination. >> i think he could give it
you know who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican...
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Nov 24, 2012
11/12
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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Nov 24, 2012
11/12
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over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinkingest shrinking on the whole chart back to 1950. when somebody stops inevitably nattering about the fiscal cliff and the skyrocketing deficit, they don't know what they're
over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the...
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Nov 24, 2012
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president obama in the third debate with mitt romney promising to sequester those across the board cuts to spending to kick in january 1st will not happen. and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i think that as congressman jordan has said, the only thing worse than a defense cut is no cut at all. what you get with the sequester is defense, but also cuts in the social-- >> another 500 billion dollars in domestic discretionary, too. >> right, and it adds up to about 100 billion in 2013. i think you will find that president obama will go a long way to avoid those roughly 44 billion in cuts this year, to social programs and i think if you want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get som
president obama in the third debate with mitt romney promising to sequester those across the board cuts to spending to kick in january 1st will not happen. and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i...
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Nov 24, 2012
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they're talking much less about the spending cuts that and also they say would be part of a so-called balanced deal. but i think on some level, republicans realize that they don't have a lot of leverage in this situation. certainly people want to see both taxes and spending. but the republicans that i talked to are a little bit nervous. and you see them also coming out with some tough talk. speaker boehner saying that he even wants to bring health care back into things. but i think republicans realize -- and you see the conciliatory way they're talking about taxes, right? they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are worried about what they see as republica
they're talking much less about the spending cuts that and also they say would be part of a so-called balanced deal. but i think on some level, republicans realize that they don't have a lot of leverage in this situation. certainly people want to see both taxes and spending. but the republicans that i talked to are a little bit nervous. and you see them also coming out with some tough talk. speaker boehner saying that he even wants to bring health care back into things. but i think republicans...
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Nov 24, 2012
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tax cuts and spending cuts. why they don't add up to anything meaningful. lou: the testimony before congress has been surveyed. congressman mike rogers. everyone else has testified that they didn't. do you agree? >> i do agree. and the deputies committee, i'm sure the white house representatives of national security from the national security agency council had their orders. lou: general david petraeus says for his part, one of the confusing things -- confusion between the testimony he gave to congress three days after september 11 and what he said over the past few days in congress, it represents what happens when you try to avoid tipping off terrorists. do you buy that? >> according to congressman king, it indicates that betray d petraeus deadlock. lou: is appropriate for a military man to take upon himself or herself for the good of the country and misrepresent reality united states congress. >> certainly based on what congressman king has reported in the open press something of the like. lou: specifically, i
tax cuts and spending cuts. why they don't add up to anything meaningful. lou: the testimony before congress has been surveyed. congressman mike rogers. everyone else has testified that they didn't. do you agree? >> i do agree. and the deputies committee, i'm sure the white house representatives of national security from the national security agency council had their orders. lou: general david petraeus says for his part, one of the confusing things -- confusion between the testimony he...
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Nov 24, 2012
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dime of spending cuts even accept. or how the reform entitlements, to avoid a debt crisis. gerri: something else, criticizing grover norquist for his note tax pledge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on republicans, completely misplaced. have a spending problem. no one is focusg on cutting spending. that will continue until john boehner or somebody else says we're not talking about tax increases so we start talking about cutting spending. gerri: obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we can't afford it. we can't afford to leave it intact. the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it has been put on the table is yet an
dime of spending cuts even accept. or how the reform entitlements, to avoid a debt crisis. gerri: something else, criticizing grover norquist for his note tax pledge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on republicans,...
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Nov 24, 2012
11/12
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initiatives, to cut spending, a lot of them doubt that the debt ceiling should not be increased under any circumstances, and to that degree they feel like that was a failure. but, no, they basically believe that their job is first to obstruct barack obama and then once there is a republican president in place to pass those initiatives that create a better business climate, more and more deregulation, the funding of programs that have never quite been near and dear to them. yes. i think that they do believe. and, of course, after you flash toward a bit, i expect to will talks about the debt ceiling fiasco of 2011, but after that summer when we were taken to the brink of fiscal clef, we are about to see again, the thinking on the part of the house republican leaders was, well, you know, maybe your tea party freshmen will go home, he yelled at by their constituents and realized in the you know, maybe compromise is not such a bad thing. the opposite occurred. they went home and the people who go to their town halls tend to be the activists of their party. most people tend to be tea party.
initiatives, to cut spending, a lot of them doubt that the debt ceiling should not be increased under any circumstances, and to that degree they feel like that was a failure. but, no, they basically believe that their job is first to obstruct barack obama and then once there is a republican president in place to pass those initiatives that create a better business climate, more and more deregulation, the funding of programs that have never quite been near and dear to them. yes. i think that...
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Nov 24, 2012
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whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that president obama got a mandate and suggest the republicans make major concessions. to what extent in your conversation with house republicans, to what extent this feeling is kind of common among rank and file members? >> the cheerful news from the taxpayer perspective is that the republicans are not at all spooked or distraught. a lot of people thought looking ahead a year ago, six months ago, that we would elect a republican president and senate. the sense of unhappiness republicans had was from the stock market didn't go up -- not that you lost your life savings -- you ended up with the status quo when
whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that...
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Nov 24, 2012
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-- or announced cuts in spending, why those tax hikes don't add up to anything meaningful and we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry the white house representative and the national security, from the national security agency, council, had his marching orders. >> lou: his marchin
-- or announced cuts in spending, why those tax hikes don't add up to anything meaningful and we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back...